Businees Accounting: Top 5 books you should read

Friday, December 3, 2021

Accounting is an essential part of the efficient function of industries and the economy, so it is important to know everything about the correct use of money. In this article, we share with you some of the best books about Business Accounting.

What is Business Accounting?

Business accounting is the systematic recording, analyzing, interpreting, and presenting financial information. 

Accounting is the way a business keeps track of its operations. And it is also responsible for analyzing the business finances so the owner can make better decisions and, as a result of it, meet their compliance obligations. 

Learning about the efficient use of money is key in this profession. That is why many successful accounters are sharing their secrets to help people boost their business. 

In order for you to start incorporating some of those pieces of advice, here are 5 books you should read in order to know how to properly deal with your business accounting

  • ”Accounting for the Numberphobic” by Dawn Fotopulos

Dawn Fotopulos is an accounter, associate professor at The King's College, and the founder of BestSmallBizHelp.com. Fotopulos has an award-winning blog that is dedicated to helping struggling solopreneurs. As an experienced entrepreneur and small-business turnaround expert, Dawn has rescued hundreds of small businesses from financial disaster.

The author has written one of the most straightforward, easy-to-read accounting books for small business owners, even those who are numberphobic. 

This book explains how the three key financial statements, including profit and loss statements, statement of cash flows, and balance sheets, serve as your business’s financial dashboard. Also, it includes how these key accounting principles work together to help you steer your small business to success.

The text includes simple explanations of complex accounting and bookkeeping concepts, this provides the reader a great understanding of their financials.

  • “Finance for Nonfinancial Managers” by Gene Siciliano

Gene Siciliano is an author, consultant, speaker, and executive coach. He  is dedicated to help business managers master the financial tools in order to turn their companies around from the bottom line up

This book is the perfect combination of technical financial accounting and very accessible jargon-free for business owners looking to brush up on their accounting principles.

It provides the reader a primer on how to maintain balance sheets, income (profit and loss) statements, and statements of cash flows. Also, the text dives into other financial and bookkeeping reports that will come in handy as the business grows. 

The target market for this book is managers in larger companies, but there is plenty of practical information that will benefit small business owners, too. 

  • ”Simple Numbers, Straight Talk, Big Profits!” by Greg Crabtree

Greg Crabtree is an accountant with more than 30 years of experience. 

His book is not covered with just theories, but it also includes practical examples and step-by-step instructions on how to use your numbers to guide your business to profitability.

Crabtree also throws in a good measure of tough love to help business owners take decisive action with their finances—a skill every small business owner should learn. 

”Simple Numbers, Straight Talk, Big Profits!” requires that the reader owns a basic understanding of how financial statements (profit and loss statement, balance sheet, and statement of cash flows) work together.

  • “The Tax and Legal Playbook: Game-Changing Solutions for Your Small-Business Questions” by Mark J. Kohler

Mark J. Kohler is a best-selling author, national speaker, radio show host, writer, and video personality for Entrepreneur.com.

This book works as an eye-opening peek into the world of small business taxes and small business law. It walks you through the major legal questions most business owners face while growing their business.

The author provides the reader a detailed playbook on the right way to manage your business—from major accounting decisions to tax strategies and legal scams to avoid—all with thorough examples and straightforward advice to save business owners time and money in the long run.

  • “Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports” by Thomas Ittelson

Thomas R. Ittelson is a natural scientist and an entrepreneur that later in his life dedicated his time to writing books about accounting.  

This book is a great option for small business owners seeking a more thorough understanding of accounting. In it, the author explains how even business owners unfamiliar with accounting practices can learn to measure their business’s financial health and improve their financial literacy.

With a unique visual approach, the writing explains how each financial interaction affects the three key financial statements of a business. With clear explanations of each financial statement and the surrounding accounting principles.

These books work as an introduction to this complex world but maybe it is not enough for you. The business accounting world has so much more to offer and, if you are willing to learn all about it, then you should study CIMA Business Accounting

Why should you study CIMA Business Accounting?

The CIMA Business Accounting provides the student with the principles of the accounting perspective in business. 

While the alumni study this certificate, they will develop their intellectual, practical, and critical-thinking skills so that they can apply subject-related knowledge and solve problems, which is expected of an entry-level accountant in any business.

The program that is studied in CIMA Business Accounting provides the student with a comprehensive and fundamental knowledge base of the underlying business principles of accounting, governance, risk management and control, auditing, financial management, and management accounting. 

Business accounting is a vital component of the economy and the proper function of industries. No matter the industries in which businesses operate, their size, or operational goals, companies need accountants to help them manage the many complexes, vital concerns related to their finances. 

Where can you study for the CIMA Business Accounting? 

If you are currently living in South Africa, the Centurion Academy offers you the opportunity to study with them the CIMA Business Accounting in the classroom settled modality or via distance learning

If you are interested in this certificate or are willing to know more about any other offer, you can receive more information once the form is filled with your personal information.

Get Instant Information about the University

By clicking “Get Information Now,” I hereby authorize onlineprograms.co.za, their dependents, subcontractors, or associates to contact me in regards to education proposals offered by universities in South Africa.